National Republican., 1887-05-05
RAILWAY NOTES.

The West Virginia legislature has adopted
resolution approving the interstate commerce
law,
The Minneapolis chamber of commerce will
enter formal protest to the state and Interstate
commerce commission against discriminating
milling rates made by the Milwaukee, ST. Paul
and Omaha Railroad.
The stockholders annual meeting of the New
York. Chicago and ST. Louis Railroad Company
was held In Cleveland yesterday. No reports
receiver ssd b. Nv ". % Caldwell, Charles I HicEox az aud
J. II. Wade. of Cleveland, and Allyn Cox, of
New York, were elected directors for three
years.
The annual meeting OF the stockholders of
the Lake Shore and Michigan Southern Rail-
day. Cornelius Vanderbilt and Darius o..
Mills, Of New York. William L. Scott, of Erie,
PA and Rosellas Brown, of Warren, Pa, were
reelected directors for a term OF three years.
The report of the board of directors shows a
decrease OF $3.50, 600 In the funded debt during
the year 1886, leaving q total funded debt of
ei5 6y2, 600. The financial statement for the
past year is as iollows Gross earnings, SIS S59,-
t65i7: operating expenses, 50, ,622; net earn
ings, ", ~, ,S33.47; increase In gross earnings
81, ,725, ,oi9S2i increase. in operating expenses,
siii, ,0Si 50; increase in net earnings, Sl,2Sl.-
SGl45. The fixed charges for the year 1885
were SO, ,7l2 97S 60, leaving the surplus of earn
ing s2,ii4, S5i.45. OF the surplus $3.50 800 We're
paid on February TO- 1887; for dividend No. SO,
$3.50, ,0C0 were paid In the sinking fund OF 1886,
and S292 52l. go were applied to the reduction
OF pey-rolls, vouchers &C., at the end OF 1888.
The unexpended earnings in hand amount to
sSS8,008.lS.
The report of General Manager Charles f..
Pugh, OF the Pennsylvania railroad Company,
detailing the operations OF the main line, the
united railroads OF New Jersey division, the
Philadelphia and Erie railroads division, aud
| the Delaware and the Raritan canal for 1885,
| has Just been completed aud will bs inaor-
| porated in the fortieth annual report of the
Pennsylvania Railroad Company There was
| an increase In the operating expenses for the
| year 1886, as compared with 1885, OF sl,0lS =
6l6.68, or IL 20-l00 per cent, accounted for by
| an increase In conducting transportation ex-
| penses OF 1915, ,3lO,2l; an Increase In motive
power expenses of Si6j,Si7O9; an increase In
| maintenance of cars expenses OF S31l ,65S,6Si
| an increase In maintenance of way expenses oil
| 1867, ,555S4; and an increase in general expense;
| of 7,li8 76. Thepassenger business increased
| II Ti-l00 per cent In the number of passengers
| passenger mileage of over 75 per cent, there
| was a decrease of 3 9l-l00 per cent. in the
total passenger mileage. There was an In.
crease offs s7-l0O per cent. In the, number o.
tons carried; but owing to u decrease OF
nearly per cent. In through freight eastward
| the increase in tonnage mileage was only >
d6-loo per cent. The through business was
| 2b-l00 sper cent. of the total number OF tons
carried, and 28 22lOO, per cent. o
the total :tonnage mileage. Compared
with 1885 the average earnings pei
ton per mile for 1885 show an increase of 6S-
100 Of MILL the average cost per ton per mile
an increase of 32.l00 of a mill, aud the average
profit per ton per mile an increase OF 36-l00 o
a mill. The average earnings per passenger
| per mile show an increase OF li.lOO mills the
average cost per passenger per mile an increase
of2 67.100 mills; and the average profit pei
passenger per mile an increase of 47-l0O OF a
mill The coal shipments were II ,7S9 i9l
| tons In 1885 and 11,b70,b96 tons In 1885. Th'
total coke shipments were 3.620,lll tons IN
| 1886 and q 702, 3l3 tons In 1885.